SGB Update Footwear

Simms Acquires The River’s Edge

Simms Fishing Products, manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced it has acquired Bozeman, MT-based specialty retailer, The River’s Edge Fly Shop.

VF Corp. Appoints Global Brand President, The North Face

VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.

Tilly’s Delivers 16.5 Percent Holiday Sales Gain

Tilly’s Inc. reported sales for the nine-week period ended January 1 grew 16.5 percent and said it expects to report its most profitable fourth quarter since becoming a public company. 

Zumiez Sees Holiday Sales Expand 9.0 Percent

Zumiez Inc. announced that the company’s total net sales increased 9.0 percent for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 2, 2021. During the same period comparable sales increased 6.0 percent.

Dick’s SG Receives Baa3 Rating On New Debt Issue

Moody’s Investors Service assigned a Baa3 senior unsecured rating to Dick’s Sporting Goods, Inc. proposed $1 billion unsecured notes. The proceeds will be used to repay the company’s $575 million convertible debt, add cash to the balance sheet and for general corporate purposes.

Lululemon Lowers Q4 Outlook Due To Omicron

Lululemon Athletica, Inc. said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts amid renewed COVID-19 challenges.

SFIA Elects New Chairman

The Sports & Fitness Industry Association (SFIA) announced the election of Jonathan Ram, group president, Global Activewear, HanesBrands Inc., as chairman of the SFIA Board of Directors from 2022-2023.